MD HB778 | 2014 | Regular Session
Status
Spectrum: Slight Partisan Bill (Democrat 25-16)
Status: Introduced on February 3 2014 - 25% progression, died in committee
Action: 2014-02-25 - Hearing 2/25 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 3 2014 - 25% progression, died in committee
Action: 2014-02-25 - Hearing 2/25 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Altering a limitation on claiming the income tax credit for eligible long-term care insurance premiums for more than 1 year with respect to the same insured individual; altering the amount of the credit from a one-time $500 credit to a credit of $250 for taxable years beginning January 1, 2015 and January 1, 2016, and $500 for the taxable year beginning January 1, 2017 and each taxable year thereafter; requiring a public awareness campaign; and applying the Act to all taxable years beginning after December 31, 2014.
Title
Income Tax - Credit for Long-Term Care Premiums
Sponsors
History
Date | Chamber | Action |
---|---|---|
2014-02-25 | House | Hearing 2/25 at 1:00 p.m. |
2014-02-03 | House | First Reading Ways and Means |
Subjects
Advertising
Health Insurance
Income Tax
Insurance Administration
Long-Term Care
Public Information
Tax Credits
Taxes - Income
Health Insurance
Income Tax
Insurance Administration
Long-Term Care
Public Information
Tax Credits
Taxes - Income